The origin of the Organisation goes back to 1902, where the first “Federation of Industrialists” (GYOSZ) was formed as a result of a concrete need of an independent body to represent the interests of the industrial sector. In 1948 – similarly to other CEE countries – the organisation was suspended, and could only recover its status and function in 1990. Through its functions of mediating and representing the member interests, the Confederation influences economic and labour policy-making. It represents the interests on a macro level and passes on the proposals worked out by its members. It maintains contacts with the Parliament, the government and state administration and makes every effort to represent the entrepreneurs’ interests. It also prepares analyses, expresses opinions and prepares proposals on corporate and the current economic policy concepts.